USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012
The share of African Americans who own their homes fell from 43.8% in early 2012 to 40.6% in the second quarter, according to the U.S. Census Bureau. By contrast, the white homeownership rate has edged down slightly, from 73.5% to 73.1%. In 2004, during the housing boom, nearly half of black people owned their homes.
USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012 Read More »